The most common goals are having smaller electric bills and minimizing one’s impact on the environment. Here are some ways to recover the cost of going solar along with potential benefits.

Federal Tax Credit

There is a Federal Tax Credit currently in place that will provide 30% of the cost of equipment and installation of a solar or small wind energy system to the purchaser of the system. This tax credit is available to both commercial and residential installations and will only be available for the next few years. Please see the following table to learn how long these tax credits will be available:

Residential & Community Solar Rates per kW produced

Date Installation is Completed

Commercial Tax Credit

Residential Tax Credit

Prior to Jan. 1st 2020

30%

30%

Prior to Jan. 1st 2021

26%

26%

Prior to Jan. 1st 2022

22%

22%

Jan 1st 2022 and after

10% (22% for wind energy ending Dec. 31st 2022 )

Program Closed

If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year.

You determine the loan term up to 180 months (15 years), with no prepayment penalty.

You may re-amortize the loan once at no cost. This is a great way to reduce the loan payments by paying down the loan using money from your federal tax credit, first year of production payments, or both.

This is NOT a home equity loan. The loan is secured against the solar equipment, not your home.

How is Solar Making an Environmental Difference?

We have installed over 900 kW of solar modules and are closing in on our first Megawatt!
According to the EPA’s Greenhouse Gas Equivalencies Calculator, the average daily amount of power produced from our installs is equivalent to:

Click the link above and enter the number of kWh from your last electric bill.
Make sure to select “kilowatt-hours of electricity” from the ‘-choose a unit-‘ menu.
Select Calculate to see what impact your electrical use has and then give us a call to learn how solar may benefit you and the environment!

Let’s see How these Credits & Incentives make a difference with this Sample Home

This sample home is using 675kWh per month. Here is how going solar provides the benefits of reduced electrical bills and a decreased carbon footprint.

The combination of Federal Tax Credits and State Incentives may cover up to 80% of the installed cast of the system.

System size and cost: 4.8 kW System for $15,760.00

Average monthly Utility bill before adding solar: $66.17

Average monthly Utility bill after adding solar: $24.75

WA State incentive payments: $1,247.00 (8 years max)

First year’s rebates and incentives: $5,975.00

Time for system to pay for itself: 7.6 years

Property value increase: $10,235.00

Free Consultations

PCI Renewables uses state of the art solar site analysis tools and years of experience to evaluate your site for potential solar energy production. We offer site investigations consultations and estimates. All proposals provide you with estimates for any variety of system sizes and products you request, estimated production values based on site analysis and solar installation values and simple payback economic analysis. All for free with no obligation!